Question: 32
(Choose 1 answer)
A company uses the perpetual inventory system and the weighted average method. The inventory records
show the following data: Beginning inventory: 150 units at $10 each; Purchases: 200 units at $12 each; Sales:
250 units. Calculate the cost of ending inventory using the weighted average method.
A. $1,120
B. $1,200
C. $1,502
D. $1,410
E. $1,114
